Hindustan Copper Shares Soar 8%, Hit 15-Year High Amid Copper Price Boom

• Hindustan Copper shares surged 8% to ₹473, marking a 15-year high since November 2010.
• The rally is fueled by international copper prices reaching new records on Shanghai, COMEX, and MCX.
• Copper prices are rising due to supply disruptions, anticipated US interest rate cuts boosting demand, and its critical role in energy transition (EVs, renewables).
• Experts suggest short-term profit booking is possible, but the long-term outlook for Hindustan Copper remains strong due to robust earnings and capacity expansion plans.
• HDFC Securities projects India's copper demand to reach 32.4 lakh tonnes by 2030, with Hindustan Copper aiming to triple mining capacity by FY31.

Why It Matters: Hindustan Copper's record surge reflects booming copper prices and strong long-term growth prospects.